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Re: None

Friday, 07/24/2009 6:16:29 PM

Friday, July 24, 2009 6:16:29 PM

Post# of 2230
Yeah make fun of my decison, but events with the DOW & NAS this week (today especially) have them so high into overbought territory, the DOW volume is so low (not what it should be for such high runup) it is very hollow and a lot of fluff; and with major tresuries sale I am told this next week, this whole market is overdue for major retracement and selling off some and it will affect many stocks; especially Chinese stocks that have already had very good runup.

I may be wrong, but I am a sexy middle aged guy who has been investing 20 years or so and tried everything and sometimes I am right and sometimes I am wrong. smile Maybe I am crazy, because I hold a position with CIT right now and this weekend will be very interesting to see what comes Monday..

Actually today I sold most of what I held or reduced very small to cash rich as i do not like what I saw in the DOW or other indices this week on low volumes with such devastating economic problems not dealt with yet.. Just don't make sense.